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Private jet travel on the rise: Here's what to know
CNBC Televisionยท 2025-06-18 12:55
Market Trends - Private jet travel remains strong despite slowing commercial airline travel [1] - Flights to/within Europe are popular among Americans, but fewer wealthy Europeans are traveling to the US [2] - The Sun Belt is rising in popularity for private jet travel, with West Palm Beach becoming the second busiest private jet airport in the US [3] - Locations like Palm Beach, Naples, Florida, and Scottsdale are experiencing less seasonality and becoming busy year-round [4] - Austin, Texas, Nashville, and Columbus, Ohio are seeing increases in private jet traffic [4] Tax and Financial Implications - Bonus depreciation, allowing immediate write-off of the full value of jets, is likely to pass in both the House and Senate bills, boosting the private jet business [5] NetJets Performance - NetJets sees no signs of a slowdown among its 13,600 owners and over 1,000 planes [2] Miscellaneous - 25,000 pets flew on private jets last year [8]